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Canadian Solar Infrastructure Fund, Inc.
Independent Auditor's Reportヽ9thPeriod�)�) 贔9’、l)Grant Thornto Taiyo LLCノ―ヽヽヽヽヽヽヽヽヽヽ

Grant Thornton

INDEPENDENT AUDITOR'S REPORTTo the Board of Directors of
Canadian Solar Infrastructure Fund, Inc.
OpinionWe have audited the financial statements of Canadian Solar Infrastructure））

Fund, Inc. (the Company), which comprise the balance sheet as at December））））））））

31, 2021, and the statement of income, the statement of changes inUnitholders'Equity, the statement of cash distributions, the statement ofcash flows for the six months then ended, notes to the financial statements,and supplementary schedules all expressed in Japanese yen.
In our opinion, the accompanying financial statements present fairly, in allmaterial respects, the financial position of the Company as at December 31,
2021, and its financial performance and its cash flows for the six months thenended in accordance with the Regulation on Terminology, Forms, andPreparation Methods of Financial Statements, and the Ordinance on
Accountings of Investment Corporations and accounting principles generallyaccepted in Japan.

）

Basis for Opinion））

We conducted our audit in accordance with auditing standards generally
accepted in Japan. Our responsibilities under those standards are further
described in the Auditor's Responsibilities for the Audit of the Financial
Statements section of our report. We are independent of the Company inaccordance with the ethical requirements that are relevant to our audit of
the financial statements in Japan, and we have fulfilled our other ethicalresponsibilities in accordance with these requirements. We believe that theaudit evidence we have obtained is sufficient and appropriate to provide abasis for our opinion.

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ore not o worldw;do portnorsh;p. Sc.v;cos ore dcl;vcrcd ;ndepondontlu bu the member flrms. GTIL docs not prov;dcse,v;ces to cl;onts. GTIL ond ;t, member firms ore not ogonts of. ond do not obl;goto, one onothor ond ore not l;oblofor one onothcr's octs or om;ss;ons

www.grantthornton.jpヽヽヽヽヽヽヽヽヽ）））） )））））））））))）））)））

1【Financial Statement】(1) Balance Sheet
8th Period(June 30, 2021)
AssetsCurrent Assets
Cash and bank deposit
Operating accounts receivable
Accounts receivable - otherPrepaid expenses
Consumption taxes receivable
Other current assets
Total current assets
Fixed Assets
Property and equipment
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
Tools, furniture and fixturesAccumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Structures in trust
Accumulated depreciation
Structures in trust, net
Machinery and equipment in trust
Accumulated depreciation
Machinery and equipment in trust,net
Tools, furniture, and fixtures in trust
Accumulated depreciation
Tools, furniture and fixtures in trust,net
Land in trust
Total property and equipment
Intangible assets
Leasehold rights
SoftwareTotal intangible assets
Investments and other assets
Long-term prepaid expenses
Investment in capital
Deferred tax assets
Long-term depositGuarantee deposits
Total investment and other assets
Total fixed assets
Deferred Assets
Investment corporation bond issuancecost
Total deferred assets
Total assets）J)))

4,611,954
1,006,913
75,459135,464
2,511,791
10,2008,351,783

5,101,023
757,343

1,048,112(128,066)
920,046
42,436,866(5,589,346)
36,847,519
590,890(78,859)
512,0314,505,944
6,380
6,559,095(77,626)
6,481,469
20,260,404(281,261)

1,048,112(149,698)
898,41442,462,893(6,462,147)
36,0001745
590,890(90,792)
500,097
4,505,944

19,979,143

19,567,983

93,54093,540(3,195)92,264

90,345

4,771,145
74,115,945

4,769,905
72謳352

1,156,098
1,173
1,157,272

1,156,098
780
1旱878

597,40210
12
15,60037,790650,815
75座033558,86910
16
15,60037,790612,285
74皿51723,261

20,481

23,261B4d墜078

20.481，80,633,040

込）- 2 _(Unit : thousand yen)
9th Period(December 31, 2021)

223,542
59,1306,141.D40

6,567,393(198,477)
6,368,915
20,271,746(703,763)